An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Alarm.com to Expand Tech R&D Division in Fairfax County, Creating 180 New Jobs
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Governor Glenn Youngkin announced that Alarm.com (NASDAQ: ALRM) will invest $2.6 million to expand its technology R&D division in Fairfax County, Virginia, creating 180 new jobs. This investment highlights the region's strong workforce and high concentration of STEM talent. Alarm.com, recognized among Fortune's top 100 Fastest Growing Companies, employs approximately 700 workers in Virginia. The expansion will be supported by the Virginia Jobs Investment Program, enhancing the local economy and job market.
Positive
Investment of $2.6 million to expand technology R&D, indicating growth potential.
Creation of 180 new jobs, contributing to local employment rates.
Company's recognition as one of Fortune's top 100 Fastest Growing Companies, reflecting strong market positioning.
Negative
None.
FAIRFAX COUNTY, Va.--(BUSINESS WIRE)--
Governor Glenn Youngkin today announced that Alarm.com (Nasdaq: ALRM), the leading platform for intelligently connected residential and commercial properties, will invest $2.6 million to expand the technology research and development division at its headquarters in Fairfax County, creating 180 new jobs.
Governor Youngkin made the announcement at Alarm.com’s headquarters in the Tysons area of Fairfax County at an event attended by state and local political and business leaders. This was the first economic development announcement event for the governor, who took office January 15.
Alarm.com pioneers smarter solutions that deliver total protection for millions of homes and businesses with one innovative and unified experience for a true smart property. The company’s platform integrates with a growing variety of IoT (Internet of Things) devices through its apps and interfaces.
“Alarm.com, which has office locations in several other states, chose to make this investment in Virginia due to Northern Virginia’s strong workforce, including its high concentration of STEM workers, numerous higher education institutions, and desirable quality of life,” said Alarm.com Vice President of Human Resources Victoria Schillinger.
Alarm.com employs about 700 workers in Virginia and was recently named to Fortune Magazine's list of the top 100 Fastest Growing Companies in 2021.
“Alarm.com is one of Fairfax County’s most prominent technology innovators and we are thrilled that it is choosing to expand its R&D capacity and create more jobs here,” said Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority (FCEDA). “The company also has been an innovator in workforce development, and we look forward to using our Fairfax County-funded talent initiative to help it grow in the county.”
Alarm.com occupies more than 195,000 square feet of office space at their headquarters in Tysons, a testing lab in Tysons, and the Alarm.com Demo House in Falls Church, a fully automated, state-of-the-art smart home.
“Congratulations to Alarm.com on the expansion of its operations in Fairfax County," said Fairfax County Board of Supervisors Chairman Jeffrey C. McKay. "The Board of Supervisors has worked hard to create an environment where businesses of all kinds can grow and thrive, and I am delighted to see a technology leader such as Alarm.com take advantage of the assets we have built here for companies and their employees.”
The FCEDA worked with the Virginia Economic Development Partnership to secure the project for Virginia and will support Alarm.com’s job creation through the Virginia Jobs Investment Program, which provides consultative services and funding to companies creating new jobs to support employee recruitment and training activities.
The Fairfax County Economic Development Authority promotes Fairfax County as one of the world’s best locations for business and talent. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. The FCEDA created the Work in Northern Virginia talent initiative to build the workforce that businesses need to thrive here.
In addition to its headquarters in Tysons, Fairfax County’s largest business district, the FCEDA maintains business investment offices in six important global business centers: Bangalore/Mumbai, Berlin, London, Los Angeles, Seoul and Tel Aviv.
The FCEDA is a member of the Northern Virginia Economic Development Alliance. Other members: the Alexandria Economic Development Partnership, Arlington County, City of Fairfax, City of Falls Church, Fauquier County, Loudoun County, City of Manassas, City of Manassas Park and the Prince William County Department of Economic Development.
